Money Growth, Rate Worries
Push European Stocks Lower

European stocks slipped as stronger-than-expected money-supply growth in Germany sparked fears the Bundesbank may raise interest rates during the next few weeks.

German stocks tumbled 1% on the money-supply news and the dollar plunged against the mark, rattling other European markets. In France, where interest rates usually track German rates closely, stocks fell 0.7%. The Swiss stock market fell 1.7%, while London closed little...